Income Tax Return of Deceased Assesse
Income Tax Return of Deceased Assesse This article is meant for young professionals in practice who in the course of their practice come across cases where they may be requested to file return of a deceased assesse. With experience I can say that upon the death of the assesse, filing of the return is conveniently forgotten as the spouse and/or legal heirs or family members in most of the cases are not aware that a return has to be filed for the year in which death of the assesse happens. Also I never came across any advertisement by Income tax Department issuing the same for general awareness of public that spouse or legal heirs have to file the tax return of the deceased assesse I am not going in depth into the computational aspects as in majority of cases it would be either pension or Interest on Fixed deposits. Nevertheless, computation remains the same for all the assessees which members in practice would be well aware of. With this premise I am going to explain how one should proc